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Treasury Secretary wants no debt limit

Treasury Secretary wants no debt limit

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by: Retired_Engineer Active Indicator LED Icon 13 OP 
~ 11 years ago   Jan 31, '13 10:29pm  
Just when you think DC couldn't get any worse................Treasury Secretary Timothy Geithner wants to raise our debt ceiling to infinity.  www.businesspundit.c om/page/3/Gee, wouldn't that solve all of our problems (extreme sarcasm here) 4951
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mardigrasman Active Indicator LED Icon 12
~ 11 years ago   Jan 31, '13 10:34pm  
Just when you think DC couldn't get any worse................Treasury Secretary Timothy Geithner wants to raise our debt ceiling to infinity.  www.businesspundit.c om/page/3/Gee, wouldn't that solve all of our problems (extreme sarcasm here)
 
@Retired_Engineer: the same person who does not know how to pay his taxes??http://www.washingtonpost.com/wp-dyn/content/article/2009/01/18/AR2009011802070.html I know it is a few years old, but it is relevant to character......
4951
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Retired_Engineer Active Indicator LED Icon 13 OP 
~ 11 years ago   Jan 31, '13 10:43pm  
He can't manage his own finances, but he is in control of the nations money??? 4951
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mardigrasman Active Indicator LED Icon 12
~ 11 years ago   Jan 31, '13 10:47pm  
He can't manage his own finances, but he is in control of the nations money???
 
@Retired_Engineer: one of the many crooks in the tyrants cabinet. Had this been Nixon's administration, the liberal press would have been all over it. Because it is their "KIng", he & his cronies get a free pass!
4951
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mardigrasman Active Indicator LED Icon 12
~ 11 years ago   Feb 2, '13 1:23am  
4951
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damware20 Active Indicator LED Icon  New Member
~ 11 years ago   Feb 2, '13 8:13pm  
ok i wouldn't call obama a tyrant but making the debt ceiling infinate is nuts. personally 4951
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TheDude Active Indicator LED Icon  New Member
~ 11 years ago   Feb 4, '13 2:22pm  
Do you understand what the debt ceiling is?  Because it's not a good idea.  The debt ceiling is NOT the government spending more money. It's not the equivalent of getting yourself a new credit card.  The debt ceiling is the decision of whether or not we pay the money we already owe.  It's like if you decided you weren't going to spend more than x dollars on your credit card.  Well you forgot to be constantly checking and you spent more than x dollars.  So since your debt limit was x, you stop paying all your debts.  You still owe your bank that money, you just refuse to pay it because it was above your limit.  You'll probably notice this is an incredibly stupid way to run your life.  It's an even stupider way to run a country with one of the most important economic and financial systems on the entire planet.  Should we spend less?  Maybe. Should we tax more?  Maybe.  Should we do both?  Possibly.  But what we absolutely should not do is force ourselves, as a nation,  to default on money we owe.  4951
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TexINS Active Indicator LED Icon 12
~ 11 years ago   Feb 4, '13 2:30pm  
I'm confused because when smartest man to ever live on planet earth was a senator he said raising the debt limit was bad, now that he is king he says it's good. 4951
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